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    8035   JP3571400005

TOKYO ELECTRON LTD.

(8035)
  Report
Delayed Japan Exchange  -  01:00 2022-12-02 am EST
46740.00 JPY   -0.34%
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Japanese stocks tumble in line with Wall Street after U.S. inflation data

09/13/2022 | 11:07pm EST

TOKYO, Sept 14 (Reuters) - Japanese stocks fell on Wednesday, tracking overnight Wall Street losses after U.S. inflation data showed an unexpected rise in consumer prices last month.

The Nikkei share average fell 2.95% to 27,795.64 shortly after markets opened, slipping below the key psychological 28,000 level, before recovering slightly to 27,991.82 at the break, down 2.18% for the day.

The broader Topix index was down 1.62%.

Technology stocks led the losses on the Nikkei, with the sector down 2.15% overall after a selloff in the U.S. saw the Philadelphia semiconductor index slide 6.18%.

SoftBank Group Corp fell 3.80%, and chipmaking equipment manufacturer Tokyo Electron slipped 3.05%.

"The selloff of high-priced tech stocks in Japan seems to be connected [to the overnight U.S. losses]," a market participant at a domestic financial institution said.

Investors had been awaiting the overnight release of U.S. Consumer Price Index (CPI) data for clues, as to how hawkish the Federal Reserve will be in its efforts to cool inflation.

The report showed CPI edged up 0.1% last month despite consensus expectations for a decrease, sending Wall Street to its biggest loss in two years.

Markets are now fully pricing in a third successive rate hike of at least 75 basis points at the Fed's next meeting and see a 38% probability of a highly aggressive 100 bps.

Of the Nikkei's 225 constituents, 205 declined, 18 advanced, and two traded flat.

Some travel-related companies saw gains amid broader expectations that Japan will further ease COVID-19 visa restrictions for tourists.

Department store giant Takashimaya Co Ltd rose 0.89%, while peer Isetan Mitsukoshi Holdings Ltd was flat after making early gains.

"Stocks that benefit from the loosening of coronavirus restrictions will probably continue to be stable," said a domestic asset manager. (Reporting by Sam Byford and Tokyo markets team; Editing by Rashmi Aich)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ISETAN MITSUKOSHI HOLDINGS LTD. -3.31% 1258 Delayed Quote.53.06%
NIKKEI 225 -1.59% 27777.9 Real-time Quote.-1.96%
SOFTBANK GROUP CORP. 0.13% 6055 Delayed Quote.11.28%
TAKASHIMAYA COMPANY, LIMITED -3.13% 1673 Delayed Quote.61.40%
TOKYO ELECTRON LTD. -0.34% 46740 Delayed Quote.-29.24%
TOPIX INDEX -1.64% 1953.98 Delayed Quote.-0.29%
All news about TOKYO ELECTRON LTD.
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Analyst Recommendations on TOKYO ELECTRON LTD.
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Financials
Sales 2023 2 117 B 15 642 M 15 642 M
Net income 2023 419 B 3 095 M 3 095 M
Net cash 2023 445 B 3 285 M 3 285 M
P/E ratio 2023 17,4x
Yield 2023 3,29%
Capitalization 7 293 B 53 892 M 53 892 M
EV / Sales 2023 3,24x
EV / Sales 2024 3,51x
Nbr of Employees 15 634
Free-Float 95,4%
Chart TOKYO ELECTRON LTD.
Duration : Period :
Tokyo Electron Ltd. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOKYO ELECTRON LTD.
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 46 740,00 JPY
Average target price 48 744,44 JPY
Spread / Average Target 4,29%
EPS Revisions
Managers and Directors
Toshiki Kawai Chief Operating Officer, Director & Vice President
Yoshikazu Nunokawa Chairman
Charles Ditmars Lake Independent Outside Director
Michio Sasaki Independent Outside Director
Makiko Eda Independent Outside Director
Sector and Competitors